Blockchain

Ronin hackers have transferred the stolen assets from Ethereum to the Bitcoin network, according to new findings by blockchain investigator and developer ₿liteZero. Recall that after the Ronin bridge hack in March, the attackers moved the $625 million worth of USDC and ETH to Ethereum-based crypto mixer Tornado Cash, making it difficult for authorities to trace the movement of the funds. But Tornado wasn’t the end as the hackers took further steps in obscuring the...

Tornado Cash has become a common money laundering platform with rapidly growing incidents across Ethereum and Binance Smart Chain on a consistent uptrend. A substantial magnitude of the illicit funds has lost their trail after going through the mixer. According to a new report by blockchain security platform SlowMist, 74.6% of stolen funds (or nearly 300,160 ETH) on the Ethereum network were transferred to the controversial cryptocurrency tumbler during the first half of...

Avalanche is a smart contract platform launched in 2020. What is Avalanche? Avalanche is a smart contract platform launched in 2020. Supported by Ava Labs, it aims to deliver a scalable blockchain solution while maintaining decentralization and security. Avalanche supports smart contracts to run decentralized applications (dApps) on its network and integrates a number of decentralized finance ecosystems. It scales horizontally through a unique...

[PRESS RELEASE – Hong Kong, Hong Kong, 19th August, 2022] GazeTV announces today the launch of its Phase 2, dubbed “Gazer-lization”, a new phase of the GazeTV project emphasizing peer-to-peer interaction, social networking, and content discovery. Last year, GazeTV was first launched with Phase 1 GazeAge. While GazeAge primarily focuses on the video aspect, the emerging GAZE tokenized ecosystem has proven to be a solid way of not only embracing content creation but also...

[PRESS RELEASE – Miami, Florida, 19th August 2022] dPRIME Asset Modules Finance (”DAM Finance” or “DAM”), a protocol for creating purchasing power from cross-chain token portfolios, is pleased to share that it has closed a $1.8 million pre-seed funding round led by Digital Finance Group (”DFG”) and Jsquare. DFG, a global blockchain and cryptocurrency investment firm with more than $1 billion in assets under management, and Jsquare, a research and tech-driven investment firm...

Since the price of Cardano (ADA) hit its low of 0.40 euros on 13 July, it has been on the rise. This reflects that investors are enthusiastic about Vasil, the imminent update. However, today is a bad day for the ADA stock price as the value has dropped 12% in the last 24 hours. Perhaps this is due to a thread on Twitter by Adam Dean, a prominent Cardano programmer. Cardano test network ‚catastrophically broken‘ Before a major change takes...

The Internet and Mobile Association of India (IAMAI) has released a statement saying that its Blockchain and Crypto Council (BACC) is now fully dissolved. Apparently, blockchain isn’t that big of a deal within the country. The BACC in India Is Dissolving The BACC was first established in 2017. Things appeared to be booming throughout the last four years, but now that the crypto space is experiencing its harshest bull market to date, regulators have decided that the BACC...

Mixers within the crypto community are experiencing huge booms in business despite the crypto space crashing like it never has before. Mixers Have Been Quite Active Mixers are individuals or businesses that take digital currencies garnered through illicit means and hide them amongst legitimate assets. The process keeps the identities of the parties receiving the crypto quiet while making it appear as though they are not engaged in illicit activity. As time has gone by,...

The web3 betting platform Dexsport completed a massive update entitled RED. Now, Dexsport users are able to buy crypto directly from their web3 wallets using banking cards. Furthermore, Dexsport went deployed on two more blockchains, OKC and Polygon, becoming a full-fledged multi-chain platform. The RED upgrade consisted of four large blocks: number of blockchains supported by the project increased to three (BNB Chain, Polygon, and OKC), integration of turbo games CrashX...

Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platform’s concentrated stake in the protocol.  If compelled by the government to do so, he’d rather shut down the service. Armstrong made his intentions clear in response to an Ethereum developer’s question concerning the centralization of staked ETH. According to Dune Analytics, 66% of ETH staked on the beacon chain is held by entities that are regulated...